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Portfolio Update #8 - Adding 2 UK Stocks

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  Hi Investors. So it looks as though my "Super 8" portfolio has become the Super 10 portfolio.  Today I added two UK stocks. The primary reason for this is because my previous 8 stocks were almost all US stocks, which meant every dividend I received was subject to a 15% withholding tax. A tax I can't escape. However, by buying UK stocks within my Stocks & Shares ISA account, I am able to avoid any taxes whatsoever, and instead, pay a small 0.5% stamp duty tax when purchasing shares. 1. Dividend Income Tracking Updates: a) From now on, I'll be using USD to show my dividend income growth. Yes, it doesn't make much sense as a UK dividend investor, but my current dividend tracker doesn't show dividend income growth after a decimal point, for example, it may take a few weeks of investing to see a change from £210 to £211. Whereas in USD this change would come sooner due to the strength of the pound over the dollar.  b) Additionally, you'll notice a new col...
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Portfolio Update #7 - The Weekly Snowball Continues

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  Happy Monday Dividend Investors.  As always, I continue to double down on my 8 core stocks. Additionally, I have been thinking about 3 ETF's as I grow my income this year. They are as follows: $iUSA (tracks the S&P5), $EUN (tracks the top 50 companies in Europe), and $VMID (tracks the tope 250 companies in the UK).  As my positions grow, I'm aware of the importance of diversification down the line, however, this isn't something I'm too concerned about for the time being. Once dividends from every stock exceed £6-8 each, I'll consider opening positions in ETF's.  My Buys:  £10 - Citigroup ($C): 0.20 Shares £10 - Realty Income ($O): 0.19 Shares £10 - Mainstreep Capital ($MAIN): 0.30 Shares £10 - Legget & Platt ($LEG): 0.34 Shares £10 - EPR Properties ($EPR): 0.30 Shares Portfolio Value:  £5,983 ( + 4.05 since last update). Dividend Income Growth:  Note: There appears to be a minor bug with my dividend tracking software, so this weeks divid...
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Portfolio Update #6 - Patience Is A Virtue

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Dividend Investors, I hope you're all doing well amidst the chaos that's ensuing across the markets. Although you may feel the need to desperately sell and cut your losses, I assure you that a drop like this is good for the market.  For the past decade onwards, prices have sky-rocketed, and not in line with fundamentals, but with such a large influx of retail investors who may now be the ones leading the selloff.  I leave you with this quote before my portfolio update:  " " The stock market is a device for transferring money from the impatient to the patient" - Warren Buffet.  Stocks Purchased:  £20 - $C (0.43 shares) £10 - $MAIN (0.32 shares) £10 - $O (0.20 shares) £10 - $EPR (0.31 shares)  Portfolio Value:  £5750 (- 4.62% down compared to Update #5) Dividend Income for Q3 of January 2022 can be found here:  2022 Dividend Income
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Invest In Companies You Understand

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This blog post will no doubt be met with people telling me I shouldn't influence your investing decisions – and they're right.  But it's my blog so I'm going to explain my thoughts on this topic anyway.  Since I began investing, I've probably bought and sold shares in more companies than I can remember. I've bought everything from mREITs to BDC's to utility companies and Aristocrats. At one point I owned 50+ stocks in the hopes of achieving greater diversification and capital security.  What I didn't realize was the importance of investing within my circle of competence.  What this means is learning to invest in companies you know and understand well. Companies whose balance sheets, income statements, cash flow statements and quarterly reports won't confuse you.  If you're reading this and you own a Business Development Company like $MAIN, $PSEC or $ARCC, ask yourself: What is the definition of net investment income?.  If you own a REIT, ask you...
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Portfolio Update #5: £6k Milestone + Consolidating My Portfolio

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  Update: Consolidating My Portfolio. This week I decided to sell four of my twelve stocks in order to focus on eight stocks within my areas of competence.  These eight positions are the only ones – with the exception of an ETF in the future – that I'll be investing in for the foreseeable future. The inspiration behind consolidating my stocks came from Peter Lynch. He mentioned in an interview a while ago that sometimes diversification can really mean "di-WORSE-ification. In other words, one shouldn't blindly throw money into companies they don't understand well.  It's for this reason that I decided to invest in 8 companies I understand well, and can consistently invest in for the next 20+ years every week.   I believe a few of my stock picks, including $LEG, $C & $KHC are greatly undervalued right now, so extra capital in these picks will realize greater gains for me in the future. 
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